You can easily refinance your current FHA loan to a lower interest rate, since interest rates are much lower than the last 2-3 years. Today’s 30 year fixed rate on an FHA loan is about 5.875%. FHA allows you to do a streamline FHA refinance that makes it so easy people ask…”what’s the catch!?”
Ha! No catch. Below are the two things we need to verify in order to refinance your existing FHA loan into today’s lower rates:
1. You must currently be employed.
2. We have to verify your mortgage history had no 30 day lates in the last 12 months. It is still possible to approve you with one 30 day late!
These are the things we DO NOT verify, so don’t worry!
- Appraisal
- Credit Report
- Income
- Assets
Yes, it is that easy! So, if you or someone you know can benefit from the lower FHA interest rates in their Wisconsin mortgage loan, have them contact me today!
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What is an FHA loan? Click HERE to find out!
